€620M STRE Offering for European Markets

Key Takeaways

Strategy secures €620M via its first Euro-denominated STRE offering.

Shares yield 10% annually, compounding up to 18% if deferred.

Funds will fuel bitcoin purchases and European expansion.

Strategy Inc., led by billionaire Michael Saylor, has once again made headlines with another financial move aimed at expanding its already massive bitcoin treasury.

The firm announced the successful pricing of its new Series A Perpetual Stream Preferred Stock (STRE) offering, raising an impressive €620 million (approximately $715 million).

This latest capital raise marks Strategy’s growing international presence, particularly in Europe. The…

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My First Bitcoin | Expansion from Local to Global

After four years of building, My First Bitcoin is proud to announce its next chapter: a transition from leading Bitcoin education locally to empowering communities worldwide with support and tools.

A transition from being teachers in one country, to providing tools and resources to educators everywhere.

From Local Roots to Global Reach

Founded in 2021, we began as a pioneering project in independent education in El Salvador. Since then, we have taught more than 27,000 students in person, the vast majority in El Salvador.

Now, after months of preparation, we are ready to go beyond borders, as founder John Dennehy explains:

“Our ambition was always to change…

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Downtrends in BTC, ETH and SOL as risk returns to market

This is a segment from the 0xResearch newsletter. To read full editions, subscribe.

Happy Friday. It was another rough week for crypto markets, with nearly every sector registering negative returns and a handful of long-tail “stablecoins” losing their peg.

Weakness prevails across the board, with all of our tracked indices posting negative returns over the past week, except for DePIN. This weakness comes as the majors BTC, ETH and SOL have established a daily and weekly downtrend, while equity indices have reversed ~3%-5% off their highs, adding risk back to the market. The selloff in equities has elevated the VIX to a level of 20.

Within crypto, DePIN was the one…

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Kazakhstan To Create $1 Billion National Crypto Reserve

Kazakhstan is preparing to establish a national cryptocurrency reserve fund worth between $500 million and $1 billion, a landmark step that could make the Central Asian nation one of the first to integrate digital assets into its sovereign wealth strategy.

The fund will be seeded with assets seized or repatriated from abroad, along with proceeds from state-backed bitcoin mining operations. 

Central bank governor Timur Suleimenov said in London this week that the fund will invest “very carefully” through regulated instruments such as exchange-traded funds (ETFs) and shares of companies involved in digital finance, rather than holding cryptocurrencies like bitcoin… Read more on BitcoinMagazine

LATEST: Kazakhstan Unveils Plans For $500M–$1B National Crypto Reserve Fund

Kazakhstan is preparing to create a national crypto reserve fund valued between $500 million and $1 billion, according to a Bloomberg report. The move marks a major step toward diversifying the country’s economy and reducing its dependence on oil revenues.

The proposed fund will invest in crypto-related companies and exchange-traded funds (ETFs) to gain indirect exposure to digital assets such as Bitcoin. The Deputy Governor of Kazakhstan’s Central Bank confirmed the initiative, describing it as part of the nation’s broader effort to modernize financial strategies and embrace digital innovation.

Authorities are also considering allocating portions of gold and foreign exchange reserves into crypto investments. By integrating digital assets into national reserves, Kazakhstan joins a growing list of countries leveraging blockchain-based financial instruments to strengthen economic resilience and attract global investors. The move signals a strong pro-crypto stance and positions Kazakhstan as a rising player in the global digital economy.

Bloomberg

LATEST: Tether Adds 961 Bitcoin Worth $98.9 Million To Its Growing Treasury Reserves

Tether, the issuer of the world’s largest stablecoin USDT, has added 961 Bitcoin worth nearly $99 million to its official reserves. The purchase, made from a Bitfinex hot wallet, pushes Tether’s total Bitcoin holdings beyond 86,000 BTC. This move continues the company’s steady accumulation strategy, following a massive $1 billion Bitcoin acquisition in September.

The latest buy reinforces Tether’s commitment to using Bitcoin as a key reserve asset and a hedge against inflation. Company executives have repeatedly emphasized Bitcoin’s role as a “long-term store of value,” and Tether’s consistent purchases highlight confidence in the asset’s future performance, even amid market volatility.

Bitcoin recently surged past $106,000, reaching new all-time highs, yet Tether continues to buy during both dips and rallies. By diversifying its reserves beyond cash and U.S. Treasuries, Tether strengthens transparency and signals strong institutional belief in Bitcoin’s growing dominance within the global financial ecosystem.

LATEST: Bitwise Spot Dogecoin ETF Could Launch In Just 20 Days

Bitwise may be just weeks away from launching the first spot Dogecoin exchange-traded fund (ETF), after a recent regulatory update fast-tracked its approval process. The firm used a filing method under Section 8(a) of the Securities Act that automatically takes effect in 20 days unless the SEC intervenes, potentially setting the ETF’s effective date around November 26.

Unlike most ETF approvals requiring direct SEC sign-off, this move means the spot Dogecoin ETF could proceed without formal authorization if no action is taken. Bloomberg analyst Eric Balchunas highlighted the change, calling it a strategic step that signals Bitwise’s confidence in the SEC’s current stance on crypto products.

The proposed ETF would hold real Dogecoin (DOGE) in custody with Coinbase Custody, while BNY Mellon manages cash assets. Expected to list on NYSE Arca, the fund will track DOGE’s spot price, further cementing Dogecoin’s move from meme coin to mainstream investment asset amid rising optimism for crypto ETFs.

S-1 filing 

Buybacks get pushback, and markets rebound

This is a segment from the 0xResearch newsletter. To read full editions, subscribe.

Markets caught a much needed bid yesterday, snapping a multi-day losing streak. The rebound stretched across both equities and crypto, fueled by optimism that Trump-era tariffs could be rolled back. We look at which sectors led the charge, how subnet tokens continue to defy gravity post-crash, and the debate heating up over Hyperliquid’s HIP-5 proposal.

Indices

After several days in the red, markets found relief yesterday as all major benchmarks posted gains. The rebound was led by BTC and the tech-heavy Nasdaq, which rose 2.36% and 1.15%, respectively.

Optimism was partly fueled by the…

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LATEST: JPMorgan Predicts Bitcoin Could Soar to $170,000 Within a Year

Bitcoin may surge to nearly $170,000 in the next six to twelve months as market leverage resets and volatility improves against gold, according to JPMorgan analysts led by Nikolaos Panigirtzoglou. The bank noted that the crypto market recently corrected by about 20%, following major liquidations in perpetual futures—the largest in crypto history—yet the deleveraging phase now appears largely complete.

Analysts highlighted that the ratio of open interest in bitcoin futures to market capitalization has returned to normal levels, signaling market stabilization. Despite minor redemptions in exchange-traded funds, overall investor activity remains steady. Ethereum has shown similar patterns, though with less pronounced effects.

The report added that rising gold volatility has made Bitcoin more attractive on a risk-adjusted basis. JPMorgan estimates Bitcoin’s fair value at around $170,000, reflecting a potential 67% increase from current levels near $103,000. The bank believes this shift underscores renewed investor confidence in the crypto market’s long-term outlook.